DEFINITION of 'Allied Lines'

Any type of property-casualty insurance that is closely related to fire insurance coverage. Allied lines coverage is almost always taken out along with a standard fire insurance policy. Allied lines insurance can include coverage for such things as accounts receivable, data-processing equipment, water damage and vandalism.

BREAKING DOWN 'Allied Lines'

Allied lines insurance covers a variety of ancillary coverages in addition to those listed above, including but not limited to:

• Demolition charges
• Increased cost of construction
• Malicious damage
• Earthquakes
• Radioactive contamination
• Sprinkler leakage
• Standing timber

RELATED TERMS
  1. Coordination Of Coverage

    A review or modification of an individual's or business’ insurance ...
  2. Insurance Coverage Area

    The geographic region in which an insurance policy’s benefits ...
  3. Prior Acts Coverage

    A feature of an insurance policy that extends the coverage of ...
  4. Use and Occupancy Insurance – U&O

    A type of insurance that covers against the loss of use of machinery ...
  5. Group Term Life Insurance

    A type of insurance coverage offered to a group of people. This ...
  6. Cover Note

    A temporary document issued by an insurance company that provides ...
Related Articles
  1. Investing

    Allied World Insurance Trades Ex-Dividend Friday (AWH)

    Allied will send its dividend payment on June 30 to shareholders of record as of June 21.
  2. Insurance

    4 Reasons Why Waiting To Buy Life Insurance Is a Bad Idea

    Understand the benefits of applying for and securing life insurance coverage while you are young and healthy, and learn the cost of waiting to get coverage.
  3. Managing Wealth

    6 Insurance Policies That Protect the Wealthy

    Here are six types of insurance that the wealthy use to protect their assets.
  4. Insurance

    When Should You Get Supplemental Life Insurance?

    For individuals with larger families and responsibilities, supplemental life insurance may bridge the shortfall in coverage from term or whole-life policies.
  5. Insurance

    Homeowner's Insurance Guide: A Beginner's Overview

    Everything new homeowners need to know about insurance to protect their residence.
  6. Insurance

    5 Types Of Insurance You Can (And Should) Afford

    With insurance and warranties being offered on seemingly everything, it's hard to know what policies are worth your money. Learn about five affordable insurance policies that are worth considering.
  7. Insurance

    4 Types Of Insurance Everyone Needs

    Here are four forms of insurance that are vital to have.
  8. Investing

    Fairfax Reaches Deal to Acquire Allied World Assurance For $4.9B (FFH.TO, AWH)

    The companies expect the deal, which would give Allied shareholders a roughly 27% stake in the combined company, to close in the second quarter of 2017.
  9. Insurance

    How to Find the Right Car Insurance

    Finding the right car insurance can be difficult. However with these strategies, you can get the most for your money, protect your assets and your health.
RELATED FAQS
  1. How does the 80% rule for home insurance work, and how do capital improvements affect ...

    The 80% rule refers to the fact that most insurance companies will not fully cover the cost of damage to a house due to the ... Read Answer >>
  2. What are some examples of industries that practice price discrimination?

    Understand the various types of insurance coverage offered in the insurance marketplace, and learn why each policy should ... Read Answer >>
  3. What are some examples of when insurance bundling is a bad idea?

    Learn about situations where insurance bundling may not be a favorable option. Bundling insurance is often a good idea, but ... Read Answer >>
  4. Which insurance policies do I really need?

    Your needs for insurance depend on your situation and can't be generalized for everyone, but there are a lot of options available. ... Read Answer >>
Hot Definitions
  1. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  2. Down Round

    A round of financing where investors purchase stock from a company at a lower valuation than the valuation placed upon the ...
  3. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  4. Portfolio Investment

    A holding of an asset in a portfolio. A portfolio investment is made with the expectation of earning a return on it. This ...
  5. Treynor Ratio

    A ratio developed by Jack Treynor that measures returns earned in excess of that which could have been earned on a riskless ...
  6. Buyback

    The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies ...
Trading Center